All this leads to a smaller workforce (DJC’s 94 vs. ACC’s 396). DJC could easily replicate this US if it chooses to relocate. The product design strategy of DJC was more oriented towards making the operations more streamlined and reliable. It believed that efficient manufacturing was the basis of its competitive strategy. This is in contrast to the batch production process followed by ACC which accommodated greater customer flexibility but at the cost of efficiency with some product lines being as long as 1.5 to 2 days 4.
However, the demand for this business itself differs because there are fewer customers, purchasing more items, the demand for such B2B businesses can fluctuate, depending on the needs of its corporate client base. This known colloquially in the B2B trade as the "bullwhip effect" (Claessens, 2015). Some key examples of B2B business, which are heavily involved in E-Commerce operations include businesses that have developed a digital business strategy such Staples, as well as new E-Commerce businesses such as Alibaba which have become a major success. Although these do also cater for B2C customers, the similarities are discussed in the next
In addition, another study found that the effect was not as strong as other studies stated and found that adding qualitative-verbal descriptions in the choice sets can lower the effectiveness of the decoy choice theory (Yang & Lynn, 2014). Lastly, because previous researches emphasized the decoy effect and found different results of this theory, the following hypothesis was created that would analyse the decoy option theory in context which differed from existing researches by the setting of the experiment. H1. Adding the decoy option, between two gym subscription choices (Making 3 choices instead of 2) will increase significantly total sales of
b. Ends: The products, services or processes are of distinctive nature. Successful frugal innovations are not only lower in cost, but outperform the alternative, and can be made available at large scale. Often, but not always, frugal innovations have an explicitly social mission. For many people, frugal innovation may be equated to the creation of cheap, low–tech products.
Firstly, employment agencies, agencies of this sort make a big difference and facilitate the process, choosing to hire one or many agencies, this will be able to provide a large pool of candidates that have previous experiences. However, it may be costly to hire such firms as they may charge a base fee or a fee per hired candidate. Secondly, a method that could be used is through the online network, where candidates could be found on certain social media networks such as LinkedIn for example. This is not the most practical of solutions as it provides a huge group of candidates in which some may not be as serious as others. However, this option is not costly as using, posting and searching via such websites is free.
He states diffusion of innovation as: " process by which an (1) innovation is (2) communicated through certain channels over (3) time among the members of a (4) social system". 1. "Innovation": described by the author with 5 contingent characteristic. • Relative Advantage: is the degree to which an innovation is perceived as better. The focus here is on perception, that's mean that this advantage is interpreted by an individuals as relative more than pragmatically objective.
A firm's resources act as the fundamental determinants of its performance and competitive advantage. In order to achieve competitive advantage, the resources need to be valuable and rare. Important resources for professional services to achieve its competitive advantage are capabilities, competencies, skills, technologies and brand image. The size of Folks DFK & Co is both its strength and weakness. The size of the firm is big enough for it to compete with other small and medium sized audit firm, but not that big enough for it to compete with Big 4 and several well known firms such as Crowe Horwarth, BDO, Grant Thornton and Baker Tilly.
2. Reduced economic losses due to longer shelf life. 3. Provides a high quality product. 4.